You are here: Home » Reuters » News
Business Standard

Kuwait Energy in merger talks with London-listed SOCO International

Reuters  |  DUBAI 

By Davide BarbusciaDUBAI (Reuters) - SOCO International, an oil and gas exploration and production company listed on the London Stock Exchange, said on Monday it was evaluating a merger with Middle East oil and gas firm Kuwait Energy.Its statement confirmed a Reuters report earlier on Monday that the two companies were in merger talks.A merger would provide a way for the Kuwaiti company to go public after it failed last year to complete an initial public offer of its shares on the London exchange, through which it hoped to raise about $150 million.SOCO, which has a market capitalisation of ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, January 08 2018. 18:53 IST